There is one area of life in which even ordinary law-abiding citizens will go
to great lengths to safeguard their personal privacy, that is the area of
sexuality. Most people take care to use private browsers and avoid disclosing
any personal information when seeking out content that fulfills their sexual
fantasies. Many prospective customers visit websites that fulfill their
fantasies, only to drop out of the signup/payment process at the moment the
website asks for personal or financial details. Kencoin is a cryptocurrency
solution which allows complete anonymity to the customers and for the
transactions both online and offline. It is a solution that is going to
revolutionalise the adult entertainment industry.

1. What is Kencoin:

Kencoin is a fully anonymous cryptocurrency based on the Ethereum blockchain
technology that makes adult entertainment transactions safe, secure, and
completely private. With just a click, Kencoin users can pay for access to the
adult content they seek, without risk of exposure or disclosure of any personal
details. They also provide a merchant wallet, a payment wallet and a payment
gateway which allows the conversion of Kencoins into other crypto coins or fiat
currency.

2. When other crypto coins are available, why Kencoin:

Bitcoin is a generalist crypto currency. In other words, its use and adoption
have spread across many verticals and industries. It has a wide range of global
uses and will continue to develop further. As is the case with most of the
other cryptocurrencies. Kencoin, on the other hand, is industry-specific. Its
purpose is to be constantly marketed to all partner and merchants in the adult
entertainment sector, as well as their consumers. Therefore, Kencoin will be
recycled through the industry, creating wealth for industry service
providers.

3. Kencoin Protocol:

Kencoin is an industry-specific cryptocurrency, targeting the adult
entertainment sector. It can be considered as a standard currency for
anonymous, safe transactions in all sex and dating-related purchases. Kencoin
solves the problem of anonymity and privacy in the industry in one stroke, with
a completely anonymous cryptocurrency that leverages blockchain technology to
provide users with anonymity and pleasure, privacy and secured transactions,
while delivering previously unreachable Alpha to adult industry
merchants.

4. Problems faced by the adult website owners:

Users’ desire to preserve absolute privacy creates major hurdles for businesses
in the adult sector. Many prospective customers visit websites that fulfill
their fantasies, only to drop out of the signup/payment process at the moment
the website asks for personal or financial details. Thus, owners of adult
websites lose a significant amount of business every day, simply because their
users lack a safe, anonymous way to pay for the content they want.

5. Complete anonymity:

Specifically adequate to the Adult Industry, the Kencoin offers its users
complete anonymity and discretion. This is a cornerstone feature needed by
every consumer, further backed by the Blockchain and its smart contract,
ensuring at the same time transaction security.

6. Marketing:

The Kencoin Marketing team, an experienced group of internet professionals are
expanding the Kencoin merchant network by targeting and affiliating the leading
partners in the Adult Entertainment world, The Kencoin team will provide
incentive to our leading partners by reserving part of the ICO’s Kencoins to
allow them to in turn affiliate their users to use the Kencoin currency to
spend on their respective platforms.

7. Kencoin User Advantage:

As part of the Partners’ network
expansion, The Kencoin marketing team is implementing a user advantage program
where Kencoin Spenders will benefit from a significant discount of 20% on all
purchases done using Kencoin at partner locations and websites to enable fast
adoption of the Kencoin.

8. Features of Kencoins:

Kencoin is structured as a smart contract on the Ethereum blockchain. Kencoins
can be stored in any Ethereum wallet or exchange, where they remain secured and
easy to use and move from any storage system to another and it never expires.
Kencoins can be acquired from other cryptocurrencies such as Bitcoin, or purchased
with traditional currencies. They can be used completely anonymously at any
Kencoin online or offline reseller. Furthermore, they fully address the need
for anonymity, as they can be used interchangeably in every corner of the adult
and dating industry regardless of type, region, financial payment restrictions
or user identity.

9. Solves the problem of chargeback:

Kencoin solves the problem of "charge backs" in the transactions
through the help of Ethereum Ledger Technology. Every Kencoin merchant will be
able to both track and verify that a payment has indeed been completed when a
customer requests to pay in Kencoins. Since every payment is both verifiable
and irreversible, the online vendor can obtain assurance that they have already
been paid for the service they have provided.

10. The Spending Wallet:

Built on the Ethereum protocol, the Kencoin spending wallet is very much
similar to an Ethereum wallet, offering the user both online and offline
methods of keeping Kencoins, using blockchain technology. The wallet is
constructed in such a way that it can very easily receive details of a
merchant’s Kencoin wallet, significantly simplifying transactions when
customers purchase products or services from Kencoin merchants, particularly in
an offline environment.

11. The Merchant Wallet:

The Kencoin Merchant wallet, a wallet used primarily by vendors supporting
Kencoin payments, provides two major functions.

(a) The Kencoin Merchant wallet can serve as a spending wallet, giving the
merchant the ability to store received or purchased Kencoins, either offline or
online and to create multi-signature wallets and sub-allocations.
(b) As the market continues to evolve, the Kencoin Merchant wallet will
constantly be adapted to fit merchants’ and vendors’ emerging needs.

The Merchant wallet has the service of another mainstream cryptocurrency
exchange which facilitates the conversion of received Kencoins into any other
cryptocurrency or fiat money for the merchants.

12. Payment Gateway:

All Kencoin partners will utilize a customized and proprietary centralized
payment gateway solution built by its developers. The gateway will offer
Kencoin as a featured payment option for purchasing content and services. Users
will be able to acquire Kencoin directly within the payment gateway, with
Bitcoin, credit cards, and other local payment methods, without ever having to
leave the website. The payment gateway is designed for security, scalability,
and simplicity and it is based on Hadoop and HBase.

13. KCN Token:

Kencoin (KCN) is a token based on the Ethereum platform. Its design follows
widely adopted token implementation standards, making it easy to manage using
existing solutions, including Ethereum wallet. Purchasers in the initial sale
will acquire KCN in exchange for Bitcoin (BTC) and Ether (ETH) at the USD value
of each investment at the time of investment.

14. KCN token ICO:

The token ICO is scheduled to start from August 22nd. It will continue for next
21 days. Out of the total supply of 1 billion tokens, 600 million KCN tokens
are reserved for the purpose of the ICO. No token creation, minting or mining
will take place after the crowdfunding period. Tokens will be transferable and
listed on exchanges once the crowdfunding is completed.

15. Use of proceeds:

All funds raised in the crowd sale shall be allocated for the development and
marketing of the Kencoin tokens and project. All proceeds of the ICO will go to
an Escrow account at the Kencoin Foundation in multi-signature wallets. The
funds raised will be used to research, develop, create and spread the adoption
of Kencoins across the adult and dating industry.

Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .